The S&P Should Beat These Stocks Today

LONDON -- Stocks are seeing a second day of losses in Europe Tuesday as investors stand by, awaiting a series of economic data over the next few days that offers risk potential. This includes U.S. trade data due today, with the majority of estimates expecting the deficit to have widened in July due to slowing economic growth hitting demand for American exports. Despite this weakness, however, early futures trading has the U.S. markets on a more upbeat note, with the S&P 500 (INDEX: ^GSPC) set to open around 0.2% higher.

With this in mind, there are a number of individual names on the continent that could see a dire performance. Here are three ADRs the S&P should beat today.

CRH (NYS: CRH) The concrete and cement product producer is down more than 1.5% today, hit after Bank of America resumed its coverage of the European building industry and gave a warning that expectations of earnings recovery could be overly optimistic. In addition, Bank of America specifically gave CRH an "underperform" rating, effectively recommending to clients that they sell the company's shares.

ING Groep (NYS: ING) The Dutch lender is down 1.5% Tuesday as the leading political parties in the country, clashing on almost every issue ahead of the parliamentary election tomorrow, agree that rules governing banking should be tougher. The country's Labor party -- which is leading in the latest poles -- and the third-place Socialist party argue for an increased bank tax and levy on transactions. Meanwhile, the Liberal party, led by Prime Minister Mark Rutte, argues there should be stricter supervision of new financial products. All three parties agree on a cap on bonuses.

BBVA (NYS: BBVA) The Spanish bank is suffering today, down 1.4% as concerns over new Basel liquidity rules hit the company's shares. Global financial regulators begin three days of discussions today that are set to pave the way for a deal on new liquidity rules for the world's largest banks. Lenders and the European Central Bank have argued these measurers could stifle economic growth, and the Basel Committee hopes to overcome these divisions before its self-imposed January deadline.

As usual, this morning's European trading saw some stocks lose ground -- and perhaps provide some European buying opportunities. Indeed, legendary investor Warren Buffett has recently spent more than $1 billion buying a European large-cap stock that's currently trading well below its 2012 high.